BofA Turns Bullish On XPO Logistics, Chart Industries

BofA upgraded four industrial sector companies.
Analyst Ken Hoexter upgraded XPO Logistics Inc (NYSE: XPO) to Buy from Neutral and raised the price target to $96 (an upside of 32%) from $70.
The analyst shifted his valuation to a sum-of-the-parts from a P/E basis, citing the company's proposed break-up and asset spins.
Related: Read How Analysts Reacted To XPO Logistics' Transformation Plan
BofA analyst Chase Mulvehill upgraded Chart Industries Inc GTLS to Buy from Neutral.
BofA analyst Ronald Epstein upgraded Booz Allen Hamilton Holding Corp BAH to Neutral from Underperform and raised the price target to $90 (an upside of 6.7%), from $80.
Analyst Ronald Epstein also upgraded Parsons Corp PSN to Neutral from Underperform with a price target of $39 (an upside of 5.4%).
Price Action: XPO shares are trading higher by 0.66% at $72.87, GTLS higher by 0.10% at $170.05, BAH higher by 0.68% at $84.39, and PSN higher by 1.23% at $37.01 on the last check Friday.

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